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Recap: Brent oil reached a fresh high for the year, trading above $72.00 a barrel for the first time since mid-November, while WTI advanced above $64.00 a barrel to a session […]
Wednesday, April 17th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.560, a penny below Tuesday’s closing price of $2.572. Reaching the intraday high of $2.561 within minutes […]
Recap: Oil prices steadied on Tuesday, as exports from Iran and Venezuela continued to slide and as fighting in Libya increased, raising concern over tightening global supplies. After slipping 41 […]
Tuesday, April 16th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.590, even to Monday’s closing price. With continued bearish sentiment setting in as temperatures rise and expectations […]
The EIA reported that US shale production is expected to increase to a record 8.5 million bpd in May
Recap: The oil market traded lower on Monday on the possibility that Russia may decide to abandon the agreement between OPEC and non-OPEC producers. The crude market opened down 13 cents […]
Monday, April 15th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.626, roughly three cents below Friday’s closing price of $2.660. Trending lower out of the gate, prices […]
Friday, April 12th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.682, nearly two cents above Thursday’s closing price of $2.664. Rising to the intraday high of $2.688 […]
Recap: Oil prices rose on Friday as concerns over tightening supplies increased due to supply cuts from Venezuela and Iran and conflicts in Libya. Adding to the up move was […]
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Recap: Oil prices fell 2 percent on Thursday on reports that OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying. May WTI fell […]